Building Details

Year built 1958

Listing Agency: Tiffany Jones Realty Group t***@tiffanyjonesrealty.com Show Phone

Listed By: Katie Williams · License #380465 Show Phone

Added: Sep 23 Last Checked: Sep 27 at 8:06AM

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MLS# 10231001

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This six-unit apartment property contains 4,500 square feet of residential space. Five apartments are approximately 750 square feet and include two bedrooms and one bathroom; the remaining unit offers one bedroom and one bathroom. Units 1-4 were rebuilt from the existing foundation, while Units 5-6 were newly constructed. Each apartment includes LVP flooring, central heat and air, a dedicated breaker box, and its own water heater. Stoves, refrigerators, washers, dryers, appliances, and fixtures are included throughout the property.

The property is located at 605 64 Hwy W in Waynesboro, Tennessee, within ZIP Code 38485. The six-unit layout combines rebuilt and new-construction apartments in one multifamily asset.

Key Highlights

• Six apartments totaling 4,500 square feet
• Five units are approximately 750 square feet with 2 bedrooms and 1 bath
• One unit includes 1 bedroom and 1 bath

Property Analytics

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Current Use

Apartment buildings

Lease Details

6

Residential units

Location Intelligence

Trade Area within ½ mile

36

Businesses Nearby

Explore this area Business Placement

Demographics for 38485, TN

6,289

Population

3,029

Households

2.1

Avg Household Size

45

Median Age

21%

College-Educated

83%

High-School Grad

282.4 sq mi

ZIP Area

22

Density / Sq Mi

$54,559

Median Household Income

$36,617

Median Earnings

$578

Median Rent

$129,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Apartment building - Updated multifamily property with central HVAC, individual electrical panels, water heaters, and included appliances.

Where is this apartment building located?

The property is located at 605 64 Hwy W Waynesboro, TN.

What is the asking price?

The asking price for this property is $684,900.

What are key features of this property?

This property features: Six apartments totaling 4,500 square feet; Five units are approximately 750 square feet with 2 bedrooms and 1 bath; One unit includes 1 bedroom and 1 bath